Banks to increase exchange limit to Rs 4500; withdrawal limit to be Rs 2500
Source: The Sangai Express / The Indian Express

New Delhi, November 13 2016: The Finance Ministry on Sunday reviewed the position of banks and decided..

#Banks have been advised to increase the Business Correspondents limit to Rs 2500/- for withdrawal from bank accounts.

They have also been advised to increase the exchange limit over the counter from the existing Rs 4000/- to Rs 4500/ .

#Banks have been advised to increase the Cash Withdrawal limit at ATMs from the existing Rs 2000/- to Rs 2500/- per day in the recalibrated ATMs.

#The weekly limit of Rs 20,000/- for withdrawal from bank accounts has been increased to Rs 24,000/-.The limit of Rs 10,000/- per day has been removed.

#Banks have been advised to increase the issuance and use of mobile wallets and debit/credit cards as also to provide them to those customers and establishments not having access to these non-cash means of payment.

#The last date for submission of the annual life certificate for the Government pensioners which is to be submitted in November every year has been extended up to January 15, 2017 .

# It has been reported that certain business houses viz.

Hospitals , Caterers , Tent houses etc.

are not accepting Cheques/Demand Drafts and online payment transfer from customers.

It is advised that in such cases customer can make a complaint to the concerned District Magistrates/District Administration for action against such establishments.

# Government of Assam has arranged a Mobile Banking Vans with support of Banks and State Government Staff at certain Hospitals for carrying out emergency banking transactions.

All Banks have now been advised to arrange mobile banking vans to the extent possible at major hospitals to carry out emergency banking transaction for patients.

# Banks have been advised to make arrangements for separate queues for Senior citizens and Divyang persons.

Separate queues will also be arranged for exchange of cash to cash and transactions against Bank accounts.

#Government of Arunachal Pradesh has made special arrangements like cash deposits /withdrawal and opening of new bank accounts in the remotely located areas with the help of Banks and State Government staff.

State Governments have been requested to facilitate opening of new Bank accounts as a part of financial inclusion programme.

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